A unique component to MetroGistics’ community give-back program is showing benefits within the company, as well.   The vehicle shipping company implemented its Metro Giving Back Program in February 2012, as a way to support the local community. But what’s unique about the program is an employee-driven selection process — each month a different employee […] [Read More]

CARMEL, Ind. — With the merger of Manheim Automotive Financial Services and Dealer Services Corp., a new inventory finance entity has been announced this morning. NextGear Capital is the new name for the merged lenders, following Manheim's acquisition of DSC in 2012.  The floor plan company — which said it serves more than 17,000 dealers […] [Read More]

CARY, N.C. — CarMark Certified Pre-Owned, a leading third-party vehicle certification program, recently announced that it is expanding its offerings in order to provide more flexibility for its dealer base and additional options for consumers. The CarMark Certified program, which is powered nationally by APCO/EasyCare, includes two types of limited warranties — a 72-month/100-mile powertrain […] [Read More]

WASHINGTON, D.C. — By the time an assistant director from the Consumer Financial Protection Bureau makes a return engagement as the keynote speaker during the National Automotive Finance Association's annual conference this summer, the agency's structure and regulatory power could be significantly different — especially if a trio of Senators have their way. Three Senate […] [Read More]

AUBURN HILLS, Mich. — While Chrysler Group reportedly might be creating a new captive finance company later this year, chairman and chief executive officer Sergio Marchionne told investment analysts this week why he's happy the automaker currently does not have one. In responding to a series of questions as the OEM revealed its full-year financial […] [Read More]

A variety of social and economic factors seem to be affecting the wholesale market, says NADA Used Car Guide, including dropping consumer confidence and Social Security tax increases.  NADA UCG reported these factors are contributing to the current “plateau” in the lanes. Over the course of the current week, NADA expects used prices across all […] [Read More]

About the time many of these TIME Dealer of the Year Award nominees received a driver’s license at age 16, they were at a dealership working, too. In the next group of profiles, these store executives all share what’s important to them — in and out of the showroom. The awards program, which is produced […] [Read More]

With technology advancing and new programs and offerings being launched daily in the mobile and digital world, it is hard to find something you can’t do online these days. Customers can ever browse, finance and buy a car entirely online. Carvana, backed by DriveTime, has launched a completely online car retailer in Atlanta, touting what […] [Read More]

Mercedes-Benz has once again swept the top spots in the annual report from Women-Drivers.com that highlights what women consider the top car brands. The luxury carmaker’s dealers were not only lauded as the best for the female shopper’s purchasing experience, they also claimed top honors for the browsing experience, as well. But Mercedes-Benz wasn’t the […] [Read More]

Toyota Motor Sales USA said Wednesday that it will conduct two separate safety recalls involving approximately 752,000 Corolla and Corolla Matrix vehicles and approximately 270,000 Lexus IS vehicles. The automaker explained the airbag control module for the supplemental restraint system in the Corolla and Corolla Matrix vehicles from the 2003 and 2004 model-years could have […] [Read More]